Consumer Credit Counseling Makes Debt More Manageable

Jun 28, 2013 by

Being in debt is no walk in the park. People experience financial troubles for all sorts of reasons that are out of their control, and it’s often frustratingly difficult to break the cycle of debt.

With debt consolidation help from an experienced, trustworthy credit counseling service, you can simultaneously shorten your debt repayment schedule and accrue these important benefits.

Lower Interest Rates and Smaller Monthly Payments

Many programs and services that claim to reduce your interest rates and monthly payments actually do just the opposite. Some demand that you sign for expensive loans that can take years to repay and accrue thousands of dollars in interest charges; others require you to put up your home as collateral. This is a risky move that can have many unforeseen consequences.

Choose a debt consolidator that negotiates directly with your creditors in good faith. A reputable provider can secure lower interest rates from each of your creditors and consolidate your debts into a single monthly payment that all parties can accept. With the right debt consolidation help, you’ll pay less interest over time and have more money left over in your monthly budget.

Powerful Knock-On Effects

Reduced interest rates and a simplified monthly payment plan are sure to reduce the financial stress that you feel. A more sustainable budget will give you the breathing room that you need to tackle the other debts you might be facing. Use your debt consolidation savings to pay down your mortgage a little faster or tackle those stubborn student loans that have been accruing interest for years. With the right partner, you’ll never have to deal with debt on your own.

Credit Score Protection

protect your credit score

If you’re dealing with lots of unsecured debt or worry that you might run into financial difficulties in the future, you might be considering a number of different options. Unfortunately, some supposed solutions to debt troubles have dramatic side effects. Avoid too-good-to-be true plans that promise fast relief from debt without any trade-offs at all. Since such plans can cause serious long-term damage to your credit score, they may have unintended consequences that aren’t explained upfront.

Money Management Advice That Lasts a Lifetime

Although it can often feel like you’re up against the world, a nonprofit credit counseling organization like Credit Guard will always have your best interests at heart. In addition to negotiating with your creditors to secure favorable interest rate reductions, fee waivers and repayment terms, a reputable outfit can give you top-notch financial advice that you’ll carry long after your debts are gone. You’ll receive a free call and consultation, ongoing money management advice, and a wealth of information about long-term saving and planning. With these tools in hand, you’ll have all the confidence you need to put your debts behind you.

If you need debt consolidation help from a reputable source and can’t afford to take on additional loans, choose a credit counseling service that works hard to improve your financial health and help you reach your long-term goals.

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